Question: The resource - based view ( RBV ) has clarified the strategic process of creating sustained competitive advantage. Read the following article adapted from the
The resourcebased view RBV has clarified the strategic process of creating sustained competitive advantage. Read the following article adapted from the ResearchTechnology Management Chesbrough and answer the given questions.
The Taiwan Semiconductor Manufacturing Corporation TSMC provides manufacturing services; its clients design semiconductor chips that TSMC then fabricates. Designing chips is a complex process that requires a variety of design tools, such as reference designs and process recipes. As TSMC became an important player in the semiconductor design and manufacturing ecosystem, many of the thirdparty companies who make these tools began to ensure their offerings would run on TSMCs processes. This expansion in thirdparty tool offerings creates more design options for TSMCs customersa clear benefitbut these offerings also increase the complexity customers must manage, increasing the risk of expensive chip redesigns or modifications a clear risk. TSMC has addressed this risk with its Open Innovation Platform, which combines the company's design and manufacturing services with those provided by thirdparty companies and then tests them all together. The tests certify to customers that their designs will function correctly. This service avoids very expensive "turns" of the chip design, in which the chip must be redesigned in order to be manufactured properly at volume. The result is faster time to market for TSMCs customers at a lower design cost.
Please briefly introduce the resourcebased view.
Based on the article information, please introduce the concept of open innovation and evaluate if the resourcebased view still applies.
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